Global fintech investments have fallen to a seven-year low of $95.6 billion in 2024, reported KPMG on Tuesday. The Americas accounted for $63.8 billion in fintech funding in the year, including $50.7 billion in the U.S., while India had the single largest share in the ASPAC (Asian and Pacific Council) region at $4.1 billion.
According to Pulse of Fintech H2 ‘24, a bi-annual report published by KPMG, the calendar 2024 was another difficult year for fintech, with just $95.6 billion of investment globally across 4,639 deals. Both global fintech investment and the number of deals fell to levels not seen since 2017.
Sanjay Doshi, Financial Services Advisory Leader KPMG in India, said “Fintech in India continues to attract the investors community especially with investments in wealth-tech and lending. Although certain segments of fintech lending may face headwinds, the overall industry continues to be a big innovator, contributor and more so an important business partner to large financial institutions.”
On the factors that led to the meltdown, the report further said, a perfect storm of factors combined to soften investor appetite, including macroeconomic challenges, geopolitical conflicts and tensions, a year of elections in major jurisdictions, and concerns about valuations and the lack of exits.
The second half of the year was notably slower than the first, with investment falling from $51.7 billion in H1’24 to $43.9 billion in H2’24, as per the report.
Published – March 11, 2025 08:11 pm IST
